merlin
Minor shareholder in Assetz and many other companies.
Posts: 902 
Likes: 302
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Post by merlin on Feb 28, 2014 15:18:01 GMT
I currently have 15 auctions apparently waiting for draw down have FC run out of dosh or is the system so bust they dare not stump up? I noticed on one of the last auctions that apparently bidding went on for five minutes after the stop time. Was this just backlog catching up or yet another cockup?
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oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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Post by oldgrumpy on Feb 28, 2014 15:45:18 GMT
Maybe the borrowers are a bit taken aback by higher rates than they were expecting. Big loans don't even approach MBR these days, so maybe they are casting about for a better deal before rejecting FC. At least one of mine was rejected earlier this week because funding was obtained elsewhere (reasonable looking company ended up on 11+%, when I'm sure they'd have got 9+% if it wasn't a six figure loan).
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Post by GSV3MIaC on Feb 28, 2014 17:37:55 GMT
Lots, I mean lots, of loans being taken up this pm, even though the rates are rather eye watering by recent standards. Maybe Fc had some sort of system issue after last night. They do have a payments processing issue, but then there's the February effect to worrit about as well.
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Post by bracknellboy on Feb 28, 2014 18:10:15 GMT
Lots, I mean lots, of loans being taken up this pm, even though the rates are rather eye watering by recent standards. Maybe Fc had some sort of system issue after last night. They do have a payments processing issue, but then there's the February effect to worrit about as well. Only 1 of my outstanding taken up. But then I only had 5 in the Q.
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